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Tennessee sports wagers surpass $211m in January


The Tennessee Education Lottery has reported further growth within the state’s sports betting market in January, with handle having reached a record $211.3m for the month.

The amount represents a 16.8% increase on the $180.9m wagered in December and is the highest monthly total since the state opened its regulated market on November 1 last year.

For the first time since the market launched, the Tennessee Education Lottery published adjusted gross revenue, which amounted to $21.8m for the month. Previously, the Lottery had only released details of handle, winnings and tax.

Earlier estimations suggested revenue reached $13.9m in December and $13.2m in November.

Players won a total of $190.4m in from sports betting in January, while licensed operators paid $4.3m in tax.

DraftKings, BetMGM, FanDuel and Action 247 were the only operators active in January. However, last month Wynn Resorts’ online sports betting brand WynnBet was conditionally approved to offer online sports gaming in the state.

In related news, Scientific Games this week signed a five-year extension to its instant games and services contract with the Tennessee Education Lottery.

Scientific Games will continue to provide game design and planning services to the Lottery, as well as analytics and insights, manufacturing, advanced logistics, warehousing and distribution.